This Week’s Vendor News

NEW & UPDATED PRODUCTS

Salesforce announced the general availability of Tableau Pulse, which is included for free with all Tableau Cloud editions and Embedded Analytics solutions. Tableau Pulse provides AI-powered insights in natural language, helping users understand what’s going on with any specific metric and allows them to dig deeper. Tableau Pulse features include: Tableau Pulse Insights Platform, Tableau Pulse on Mobile, Tableau Pulse Slack Digest and Tableau Pulse Metrics Layer. ↗

DealFabric now offers new functionalities on its platform, powered by generative AI. The latest version of DealFabric provides users with Azur Open Al, a technological solution designed by Microsoft and Open Al. Azur Open AI allows users to use their preferred office tools, including Outlook, Teams, Excel, and Sharepoint. ↗

Over the last couple months, AtomInvest has launched the following new upgrades and updates to its platform. For Portfolio Management & ESG: My Portfolio View - users own customized portfolio workflows dashboard and Table Metric Arrays. For Fundraising & Datarooms: regulatory accreditation flexibility. For Reporting: preview email distribution and improved user interface. For Fund Accounting: streamlined transaction booking process and transfer commitment & cap account rollback functionality. For Onboarding: digitization process. For Utility: v2 Enterprise Grade API, multiple SSO options, market data integrations and upgrade to bulk PDF split / parse. ↗

Dealroom has unveiled a new feature on its platform. With Dealroom Sectors, users can get real time data on the fastest-growing areas of innovation and venture capital deployment right now. Users can now explore hundreds of industry niches and an entire AI taxonomy, applied across a global startup dataset. ↗

Pebay is launching a special situations fund worth R$100 million to invest in escrow accounts of private equity funds. The strategy of Pebay's second fund consists of purchasing credits at a discount from the funds and managing the liability until the end. The fund has an anchor manager and is attracting individuals through multi family offices. ↗

CAIS has announced some recent platform enhancements. The first is a redesigned platform homepage that provides users with insights and product information, including research and investment themes. Next, CAIS has enhanced the platform navigation to be more intuitive, helping users find what they need faster. Through the expanded dropdown menus, users can jump between research, fund menus, documents, and orders. Lastly, CAIS has enhanced its Orders pipeline with real time “in-good-order” document status and wire statuses. ↗

Passthrough has introduced bulk countersigning on its platform. The new bulk countersigning replaces the old method of countersigning one page and relying on the legal team to insert it into each sub doc. This in turn speeds up the close and further reduces reliance on manual processes. ↗

Grata has introduced its newest product, CRM Intel. CRM Intel is an integration designed to providers users with the insights needed to close deals more effectively and efficiently. With CRM Intel, users can save time switching between systems; everything is now in Grata. Users can also mine relationships on top-scored targets, have easier prioritization in tables using custom status fields and track targets and stay informed on key events with alerts. ↗

FINTRX has launched its Property Transactions feature, to expand its offerings to include a dataset on direct real estate transactions by family office investors. The new Property Transactions feature is a dataset that tracks family office direct investment and acquisition activity into real estate, offering users insights into each transaction. ↗

Hyperscience has announced the launch of the Hyperscience Hyperautomation Network, a new partner program focused on applying AI and ML technologies to change customers’ back office processes. The Hyperautomation Network connects enterprise software partners and systems integrators to support customer revenue growth. It brings technologies together into one curated ecosystem, so customers can drive transformational automation initiatives based on performant systems, proven and trusted models, and measurable ROI. The Hyperautomation Network spans multiple partner categories – including managed service providers, system integrators, independent software vendors, and reseller and referral partners – and provides a single operating model that benefits both partners and customers. ↗

Grata has launched The Grata Scholars Program. The mission of Scholars is to democratize access to competitive jobs such as investment banking, private equity, and management consulting. Grata Scholars is a five-week training program to succeed in the world of M&A. Nevin Raj, Co-Founder of Grata, teaches weekly live sessions covering the fundamentals of dealmaking, business development, diligence, networking, and investment pitching. ↗

WealthBlock has unveiled a new feature on its platform. Users now have a new "Offer" filter available. ↗

Vestberry has officially launched the Vestberry Venture Club - Slack Community, a space designed exclusively for VC professionals. Vestberry clients can join its new Slack community for: networking opportunities, knowledge sharing, collaboration and partnerships, access to experts and events/webinars. In the initial phases, the community is exclusively for Vestberry clients. ↗

DEAL ACTIVITY

Datasite has acquired Sherpany, a Zurich-based board reporting and meeting management software provider. Terms of the agreement are not disclosed and the transaction is expected to close in Q1 2024. Founded in 2011 and with offices across Europe, Sherpany’s software allows users to increase productivity by streamlining both board and general meeting preparation, execution and archiving. Sherpany will run as a strategic business unit within Datasite and will function as a standalone entity, supported by Datasite’s ongoing investment. ↗

S&P Global has announced an agreement to acquire Visible Alpha, a fintech provider of industry and segment consensus data, sell-side analyst models and analytics. The acquisition will create an offering of investment research capabilities on S&P Global Market Intelligence's Capital IQ Pro platform. Visible Alpha is backed by a group of investment banks who expect to continue contributing data following the transaction. ↗

Vestlane has announced the closing of Picus Capital's new investment fund Picus Venture Fund 2. By using Vestlane's onboarding platform, 70% of the target volume of €200 million could already be raised at the first closing. Additionally, by using Vestlane, the successful subscription and compliant KYC/AML process of all investor types is guaranteed. ↗

ERM has acted as a technical and ESG advisor to Global Infrastructure Partners in its acquisition of Eversource’s offshore wind deal. Global Infrastructure Partners has acquired Eversource’s 50% stake in two US offshore wind projects: South Fork Wind and Revolution Wind. ↗

PARTNERSHIPS & INTEGRATIONS

ACE Alternatives, a Berlin-based fintech company, has announced a strategic collaboration with Tactyc. This partnership will deliver a spreadsheet-free toolkit for fund managers. This will also integrate Tactyc’s fund modeling and portfolio construction models into the ACE platform, which will enable ACE users to strategize future rounds, optimize reserves, and model probabilistic exit scenarios with ease and accuracy. ↗

Alter Domus has announced its new partnership with T-REX to enhance data management capabilities and automate regulatory reporting. T-REX’s technology will automate data pipelines from all parties including issuers, servicers, agents, and trustees, standardizing formats and mapping the data to ESMA reporting templates. Users on the Alter Domus platform, or serviced by Alter Domus on a co-sourcing basis, will be able run ESMA reports powered by T-REX. ↗

Keebeck Wealth Management has partnered with iCapital to expand investment opportunities for entrepreneurs and families. Keebeck Wealth Management is a boutique, independent advisory firm based in Chicago. This collaboration will offer Keebeck's clients access to more investment opportunities and Keebeck's own educational content will also be accessible through iCapital's platform which will further enhance client service and engagement. ↗

SimCorp has announced an eight-year partnership agreement with the Federal Home Loan Bank of Pittsburgh (FHLBank) to provide full front-to-back installation of its investment management platform, SimCorp Dimension. FHLBank has selected SimCorp's platform to streamline workflows, facilitating the retirement of multiple legacy technology solutions currently used. This decision aims to simplify FHLBank’s day-to-day operations and aligns with its cloud strategy. ↗

Exsitec and Position Green have entered into a partnership. Exsitec is an IT consultant based in Sweden, Norway and Denmark. Through this partnership, Exsitec becomes a reseller of Position Green’s ESG software, offering their users software support for sustainability reporting and strategic sustainability work. ↗

LemonEdge has announced a strategic partnership with ROYC (Return on Your Capital), which has chosen LemonEdge as their back-end accounting solution. ROYC helps private wealth advisors and asset managers to execute and manage private investments. Some reasons why ROYC chose LemonEdge include: LemonEdge’s capability to handle closed-ended, open-ended and hybrid funds, open API will enable integration with ROYC’s proprietary investor experience technology and its accelerated implementation road map, which prioritizes functionality over data migration. ↗

SEI has announced a strategic investment of $10 million in TIFIN, an innovation platform accelerating the adoption of AI in wealth management. SEI and TIFIN expect that their strategic partnership will add value and growth for the industry through: exploration and solution delivery, access to market innovation and talent development. ↗

Position Green and Valified have announced a new strategic partnership that aims to strengthen the entire value chain in companies’ sustainability work. This collaboration will create a new purpose-built ESG solution to help the industry with ESG management/data collection/reporting to meet demands from regulators, customers and businesses. ↗

Preqin and Impact Institute, a provider of impact technology solutions, have announced a partnership to equip investment professionals with asset-level impact data to enhance deal origination workflows. Through the partnership, the Global Impact Database (GID), Impact Institute's flagship quantitative database that helps businesses and investors on their social, environmental, and human impacts, will be seamlessly embedded into Preqin ESG Solutions datasets. The solutions help industry professionals gain insights into private firms’ sustainability strategies and policies, providing impact data, analytics, and insights. ↗

Atominvest has announced that its newest client is Abac Capital. Abac is a Spanish private equity firm with the purpose of investing with impact. Atominvest is supporting Abac Capital across ESG and impact reporting. ↗

Themes Management Company Selects SS&C to Provide Distribution Services for ETF Suite. SS&C Technologies announced that Themes Management Company has selected SS&C ALPS Distributors to provide distribution services to Themes ETFs. The company recently debuted its suite of low-cost thematic and fundamental ETFs. By partnering with SS&C ALPS Distributors, Themes ETFs access a comprehensive suite of SS&C Registered Fund Services for mutual funds, interval funds, ETFs/ETPs, Closed-End Funds and Collective Investment Trusts (CITs). SS&C ALPS Distributors will oversee critical functions such as issuance, redemption, and distribution while providing comprehensive support for FINRA compliance, continuing education requirements, and marketing review. ↗

Xpedition was selected to help GMK upgrade to ‘cloud-ready’ Microsoft Dynamics 365 Business Central. Business Central is now the backbone which supports the end-to-end business operations of three companies in the group, including GMK, Holland & Holland and Centanex. This transition allows for faster future upgrades once the move to a full cloud platform is completed. ↗

Atominvest has announced that its newest client is Abac Capital. Abac Capital is a Spanish private equity firm with the purpose of investing with impact. Atominvest is supporting Abac Capital across ESG and impact reporting. ↗

OFFICE & PERSONNEL

73 Strings has welcomed Thomas Gift as its VP of Customer Success. Gift brings experience in software implementation and customer success, having also worked at Ipreo, IHS Markit and Fiserv. Before joining 73 Strings, Gift was Director, Head of Expert Services at S&P Global. ↗

Ramisa Miah is the new Business Development Lead - EMEA & APAC at Dasseti. Before joining Dasseti, Miah was in sales at FundApps and DataCamp. ↗

Alex Brent is now Vice President - Treasury at Colmore. Brent has been with Colmore since 2020 and was at Deutsche Bank for 5 years before joining Colmore. ↗

Alok Kumar Raj has started a new position as Associate Vice President - Business Development (APAC & ANZ) at Tracxn. Raj has been with Tracxn for the last 3 years. ↗

Sam Perrett has recently joined the consultant team at Holland Mountain. Perrett supports Holland Mountain's team of consultants, with a specific focus on front office initiatives. Perrett was previously an analyst at Rothesay. ↗

Later this year, IQ-EQ Guernsey will move into their brand new, BREEAM rated building at Plaza House, Admiral Park. This will see Guernsey's two IQ-EQ offices become one by bringing together Guernsey's Private Wealth, Funds and Corporate segments under one roof. ↗

Andrei Kalesnik is the new Finance and Operations Lead at ListAlpha. Before joining ListAlpha, Kalesnik was a Debt Advisory and Restructuring Associate at DC Advisory and also worked at Barclays and Refinitiv. ↗

Sweep has appointed Element Communications to run PR and communications in the UK. Element will lead an integrated communications campaign including multi-channel content creation, media relations and supporting customer success. ↗

Ryan Hanni is the new Director of Engineering at Ontra. Hanni spent over 7 years as Director Quality Engineering at AppFolio. ↗

VENDOR RESEARCH & WHITEPAPERS

Katipult has a new blog, "5 Tips to Attract Investors to Your Private Deals". Katipult feels that attracting investors to private deals requires a holistic approach that addresses their investment preferences, risk tolerance, and liquidity needs. In this blog Katipult goes over five strategies to attract investors and how to incorporate actionable insights for each. ↗

Alkymi has a new blog, "Quarterly Statements Rule: 3 ways to ensure compliance". In this blog Alkymi goes over the quarterly statement rule and discusses three ways to improve operational efficiency and how to stay compliant. ↗

AlphaSense has a new whitepaper: "The Ultimate Buyer’s Guide for Expert Insights". In this buyer’s guide, AlphaSense explores five values users should look for in an expert network to meet investment research needs. ↗

Decimal Point Analytics has a new blog, "Navigating Public Float: Crucial Insights for Investors". Public float represents tradable shares, excluding those held by insiders and major institutional investors. A higher public float signals a liquid stock, favoring investors in substantial transactions, while a lower public float may limit volume, increasing volatility and bid-ask spreads, influencing investment decisions. In this piece, Decimal Point Analytics states that it has devised a methodology to manage public float calculations, which includes diligent monitoring of insider and institutional transactions. ↗

iCapital has a new article, "Unlocking the Potential of Alternative Investments in the Wealth Management Channel". In this article, iCapital states that alternative investments present a significant opportunity for the wealth management channel to improve investment outcomes for their clients. With the potential to enhance returns and reduce portfolio volatility, alternative investments can be a valuable addition to a portfolio. ↗

Holland Mountain has a new article, "How to use AI in Private Equity? AI Readiness in Private Markets". Holland Mountain feels that we are still far away from advanced AI tools becoming widely available in private markets, but firms must prepare now. In this article, Holland Mountain explains how to firms are able to get ready now.  ↗

Moonfare has a new blog, "The case for emerging managers: a source of diversification and alpha". A couple key takeaways from this blog are: Recent slowdown in private equity fundraising has proved particularly challenging for emerging managers and deal-by-deal track records, experienced teams and strong alignment with LPs can help to mitigate perceived emerging manager risk. ↗

Ledgex has a new article, "Key Elements of Effective Reporting by Family Offices". Ledgex feels that one of the critical functions of a family office is reporting to family members. Reporting ensures that a legacy is preserved and that family members are engaged and informed stakeholders in their shared wealth. In this piece, Ledgex goes over 7 elements of effective reporting by family members. ↗

Katipult has posted a new article, "Lift-Outs: A Guide to Private Equity Software & Technology Acquisition". In this piece, Katipult dives into the nuances of lift-outs and their benefits and provides a hypothetical scenario to illustrate how this strategic maneuver can reshape the operational landscape of private equity firms. ↗

Acuity Knowledge Partners has a new article, "The evolving data-erasure market". In this article Acuity discusses methods of physical data destruction that are out there, along with data-erasure solutions. ↗

Deal Studio has a new blog, "6 Critically Important Aspects of Due Diligence". In this blog, Deal Studio discusses six key areas of due diligence. Deal Studio feels that these are aspects that most serious buyers will consider when acquiring a business. ↗

Rundit has a new whitepaper: "ESG reporting demystified: Frameworks, challenges and approaches for Venture Investors". This paper aims to show what European venture investors are looking for related to ESG reporting. ↗

Drawbridge has a new blog, "Vendors – The overlooked cybersecurity risk for Private Equity firms". Drawbridge explains why vendors play a crucial role in streamlining firms’ operations, but cyber risks among third-party vendors present a real threat. In this blog, Drawbridge explains why performing annual Vendor Risk Assessments are a critical step that help PE firms proactively manage the chances and impact of a cyber breach. ↗

Delio has posted a new article, "Private markets technology: Should financial institutions buy or build in-house?". In this piece, Delio explores some of the reasons why firms still consider an in-house build despite there being plenty of market-proven technology vendors available to them. ↗

Decimal Point Analytics has a new blog, "LLMs Beyond Chatbots - Exploring New Frontiers". In this blog, Decimal Point discusses: LLMs - discovering untapped opportunities and what the future holds. ↗

Owlin has a new blog, "How to solve for the hidden battle for the user’s desktop". In this blog, Owlin explores the questions of why don’t businesses always choose best in class services and what are the consequences. ↗

FundCount has a new blog, "Enhancing Family Office Reporting". One key takeaway from this blog is that family offices struggle with data gathering & reporting due to multiple systems & isolated data. ↗

AWARDS

The Winners of The Third Annual WealthBriefing WealthTech Americas Awards 2024 have been announced.

Winners from our Vendor Profiles database include:

Canoe - Artificial Intelligence Application
SS&C Black Diamond Wealth Platform - Client/Consolidated Reporting
SEI - Cyber and Network Security
FactSet - Data, Information or Business Intelligence Provider
Addepar - Data Management and Analysis
FundCount - Fund Administration
SUBSCRIBE - Transaction Processing
Broadridge Financial Solutions - Overall Canadian WealthTech Provider